The real estate market in Maple Ridge and Pitt Meadows is still showing below average sales, but the Greater Vancouver Realtors say there are signs of recovery across the region.
In June, 69 detached houses sold in Pitt Meadows and Maple Ridge, which is down from 82 in the same month a year ago. Over the past three months sales are down 24 per cent, totalling 219 houses compared with 289 during the same three months in 2024.
Townhouses are also down 22 per cent, from 163 to 127, during April, May and June, while apartments dropped from 126 sales to 104 over the same period, for a decline of 17 per cent.
Selling prices have also dropped, from $1.32 million for houses in June of 2024 to $1.2 million as a median price last month. Townhouses were down from $820,000 in June 2024 to $799,000 in June 2025; while apartments dipped from $533,000 to $505,000, according to monthly statistics supplied by Greater Vancouver Realtors (GVR).
With prices and interest rates coming down, it's a good time to buy, said the GVR.
That association calculates that a turbulent start to 2025 is now moving into recovery, as the decline in sales is slowing.
“On a trended basis, signs are emerging that sales activity is rounding the corner after a challenging first half to the year, with the year-over-year decline in sales in June halving the decline we saw in May,” said Andrew Lis, GVR’s director of economics and data analytics.
“If this momentum continues, it may not be long before sales are up year-over-year, which would mark a shift toward a market with more demand than the unusually low demand we’ve seen so far this year.”
GVR reports residential sales in the region totalled 2,181 in June 2025, a 9.8 per cent decrease from the 2,418 sales recorded in June 2024. This was 26 per cent below the 10-year seasonal average (2,940).
There were 6,315 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service (MLS) in Metro Vancouver in June 2025. This represents a 10.3 per cent increase compared to the 5,723 properties listed in June 2024. This was 12.7 per cent above the 10-year seasonal average (5,604).
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,561, a 23.8 per cent increase compared to June 2024 (14,182). This is 43.7 per cent above the 10-year seasonal average (12,223).
“As home sales regain their footing, inventory levels aren’t building as quickly as we’ve seen lately,” Lis said. “Most market segments remain in balanced market conditions, which has generally kept prices trending sideways since the start of the year. With over 17,000 listings on the market right now, and with mortgage rates down around two per cent since last summer, buyers are enjoying some of the most favourable conditions seen in years.”
The MLS Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,17 million – a 2.8 per cent decrease over June 2024.
